Revolting shareholders: Aston Martin’s Stroll loses support

Not all Aston Martin Lagonda Global (LON:AML) shareholders appear happy with executive chairman Lawrence Stroll, who led the Yew Tree consortium that invested in the luxury car maker as part of a £500m refinancing in spring 2020.

Stroll is the largest shareholder with 21.6%. At the 2020 AGM, 5% of the votes were cast against his appointment to the board. This year the vote against has increased to 16.7%. Shareholders are not keen on executive chairs, although a separate chief executive has been employed during most of the financial year year. Stroll receives a nominal salary of £1.

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.